JMEA Loan (Exporters)
Jamaica
As a small business owner, you face many challenges. Your need a financier who offers effective financing solutions to help you grow your business successfully. At EXIM Bank we pay special attention to your needs and we have teamed together with the Jamaica Manufacturers and Exporters Association (JMEA) to provide this product for small businesses trying to expand their domestic and export markets. Loans can be used to finance working capital requirements, as well as, purchase raw material and/or light equipment. JMEA’s recommendation is required to support your application. These loans are on a short-term to medium-term basis.
Repayment terms will vary according to the loan purpose. You may use your loan:
• Purchase Raw Material - repayable up to 180 days
• Finance Receivables – repayable up to 180 days
• Purchase light equipment – repayable up to 30 months
FUNDS
US$500,000 - US$500,000
INTEREST RATE
12%
INDUSTRIES
Creative Arts, Manufacturing, Mining, Tourism, Professional Services
Eligibility
ANNUAL REVENUE
US$500,000 - US$500,000
REQUIRES COLLATERAL
4 YEARS
Qualifications
Credit-worthy applicants who operate viable businesses must be:
• Be a member of the JMEA
• Be considered by the JMEA to be export ready and have excess capacity
• Have linkage customers providing goods and services for the Tourism/Export sectors
• Have less than 50 employees
Documents Required
Application Form
Up-To-Date Tax Compliance Certificates (TCC)
Current Financial Statements
Personal Guarantee of the principal(s) with supporting personal financial statement(s)
Application Process
Fill out the application form that can be found on JMEA Loan page on the EXIM Bank's website. The application can be filled online but the completed application must be submitted to the JMEA.
Other Information
N/A
EXIM Bank
EXIM Bank is Jamaica’s premier trade financing institution and the Caribbean’s first Export-Import Bank. It plays a fundamental role in national development by providing a wide range of financing instruments at competitive interest rates for the country’s productive sector. It aims to assist in the growth of this sector and to contribute to the development of the wider national economy.
85 Hope Road, Kingston 6
(the former Blue Cross building)
876-630-1400
or
876-618-5889
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